Vietnam needs to have five million companies, ten times the current number, for there to be a breakthrough in economic growth. In recent years, the country has seen a wave of emerging startups, with companies springing up like mushroom after rain, but there remains much to do to take advantage of this newfound strength. VIR's Khanh Tran reports.

Domestic enterprises must take a proactive approach towards adapting to the Trans-Pacific Partnership if they are to seize opportunities arising from this deal, which is expected to come into force by early 2018.

Vietnam needs to have five million companies, ten times the current number, for there to be a breakthrough in economic growth. In recent years, the country has seen a wave of emerging startups, with companies springing up like mushroom after rain, but there remains much to do to take advantage of this newfound strength. VIR's Khanh Tran reports.